Australian venture capital firm OneVentures has appointed Bevin Shields as a new partner, along with other key appointments, to spearhead its growth equity investment strategy.
These moves come as the firm seeks to capitalise on current market conditions and invest further in later-stage technology companies.
Shields, a veteran with 20 years of experience in growth equity, corporate advisory, M&A and capital markets, will play a crucial role in leading OneVentures’ newly announced Fund VII.
Fund VII, which OneVentures announced in August, aims to raise $200 million, targeting what it views as an underserved segment of Australia’s private capital landscape: growth equity for later-stage technology companies.